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Energoatom's debt to Turboatom has grown to almost one billion hryvnia

Ukraine / Business and Finance
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Turboatom JSC appealed to the Prime Minister of Ukraine Denis Shmyhal with a request to facilitate the solution of difficult financial relations between two Ukrainian companies that ensure the security and independence of the energy system of Ukraine: Turboatom JSC and State Enterprise NNEGC Energoatom.

Energoatom's debt to Turboatom has grown to almost one billion hryvnia

The letter says about the debt of SE NNEGC "Energoatom" to JSC "Turboatom" in this connection, the Kharkiv enterprise is forced to start claim work regarding debts under contracts with SE "NAEK" Energoatom ".

As of July 8, 2021, between JSC Turboatom and State Enterprise NNEGC Energoatom signed contracts for almost 3 billion hryvnia, shipped products for more than 2.2 billion hryvnia, debt to JSC Turboatom under the terms of the current of contracts is 937 million hryvnia, of which 685 million hryvnia is debt, which has been dragging on for the second year.

Due to the critical level of accounts receivable, the enterprise is unable to pay wages and pay taxes to the state and the city, purchase blanks and materials for the timely manufacture of products, and urgently ship the manufactured capacitor modules for unit 5 of the Zaporizhzhya NPP to the amount of UAH 66.0 million.

“We are forced to note that our repeated appeals to the management of the State Enterprise“ NNEGC “Energoatom” with a request to gradually pay off the existing debt did not yield significant results, as evidenced by the total payment during 2021 in the amount of only 95.0 million hryvnias. It should be noted that during the same period, Turboatom shipped equipment for nuclear power plants worth over UAH 368 million, ”the letter says.

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